Guardian Pipeline, L.L.C.
Original Volume No. 1
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Effective Date: 08/01/2010, Docket: RP10-926-000, Status: Effective
Seventh Revised Sheet No. 105 Seventh Revised Sheet No. 105
Superseding: Sixth Revised Sheet No. 105
GENERAL TERMS AND CONDITIONS
2. DEFINITIONS (Continued)
o "Maximum Storage Quantity" and "MSQ" mean the maximum
quantity of Natural Gas that Transporter is required to store
for Shipper or for the account of Shipper pursuant to a
Service Agreement as set forth on Exhibit "A" to the
Shipper's Service Agreement.
o "Month" means the period beginning at 9:00 a.m. CCT on the
first Day of the calendar month and ending 9:00 a.m. CCT on
the first Day of the next succeeding calendar month.
o "NAESB" means the North American Energy Standards Board.
o "NAESB Standard" means a standard issued by NAESB and adopted
by the Commission.
o "Natural Gas" means any mixture of hydrocarbons, consisting
essentially of methane, and inert or noncombustible gases
which are extracted from the subsurface of the earth in their
natural state meeting the quality and pressure specifications
set forth in Sections 3 and 4.
o "Negotiated Rate" means a rate or rate formula for computing a
rate for service under a single rate schedule pursuant to
Section 26.2 herein.
o "Net Present Value" shall mean the calculation of net present
value of the reservation charge that requestor would pay at
the rates requestor has bid, which shall not be less than the
minimum rate nor greater than the maximum rate, as stated on
the currently effective Tariff sheet governing such service,
over the term of service specified in the request, utilizing
as the discount factor the FERC-approved interest rate as such
rate may be in effect from time to time.
o "Nominated LBS Undertake Quantity" means the quantity of Natural
Gas on any Day pursuant to Rate Schedule LBS actually delivered to
Shipper or for the account of Shipper by Transporter that was
nominated by Shipper from an Alternative Vector Point of Receipt
and scheduled by Transporter, and such quantity is credited to
Shipper's LBS Account balance by Transporter.
o "Operational Balancing Agreement" and "OBA" mean a contract
between two parties which specifies the procedures to manage
operating variances at an interconnect.